The global fork truck market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of the market can be attributed to factors such as increasing demand for warehouse and logistics services, growing construction industry, and increasing demand for metal products in emerging economies.
Counterbalanced forklift trucks are expected to dominate the global fork truck market during the forecast period due to their high productivity and low cost of ownership. Warehouse forklift trucks are expected to witness significant growth in Asia Pacific region due to increased demand for logistics services in this region.
Some Of The Growth Factors Of This Market:
- Increasing demand for forklifts in the construction industry is one of the major factors driving the growth of this market.
- Increasing demand for forklifts in the manufacturing industry is another factor driving this market's growth.
- The increasing use of automation and robotics in warehouses and factories will also drive this market's growth.
- The increasing need for safety measures to protect workers from accidents will also drive this market's growth.
Industry Growth Insights published a new data on “Fork Truck Market”. The research report is titled “Fork Truck Market research by Types (Counterbalanced Forklift Truck, Warehouse Forklift Truck), By Applications (Logistics, Construction, Metal, Others), By Players/Companies Jungheinrich Lift Truck Corp., Kion Group AG, NACCO Material Handling Group, Toyota Industries Corp., Anhui Forklift Truck Group Co. Ltd, Clark Material Handling International Inc., Combilift Ltd., Crown Equipment Corp., Doosan Industrial Vehicles Co. Ltd, Godrej & Boyce Mfg. Co. Ltd, Hangcha Forklift Co. Ltd, Hubtex Maschinenbau GmbH & Co. KG., Hytsu Group, Hyundai Heavy Industries Co. Ltd, Komatsu Utility Co. Ltd, Mitsubishi Caterpillar Forklift America Inc., Nippon Yusoki Co. Ltd, Paletrans Equipment Ltd, Tailift Group, UniCarriers Corp.”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fork Truck Market Research Report
By Type
Counterbalanced Forklift Truck, Warehouse Forklift Truck
By Application
Logistics, Construction, Metal, Others
By Companies
Jungheinrich Lift Truck Corp., Kion Group AG, NACCO Material Handling Group, Toyota Industries Corp., Anhui Forklift Truck Group Co. Ltd, Clark Material Handling International Inc., Combilift Ltd., Crown Equipment Corp., Doosan Industrial Vehicles Co. Ltd, Godrej & Boyce Mfg. Co. Ltd, Hangcha Forklift Co. Ltd, Hubtex Maschinenbau GmbH & Co. KG., Hytsu Group, Hyundai Heavy Industries Co. Ltd, Komatsu Utility Co. Ltd, Mitsubishi Caterpillar Forklift America Inc., Nippon Yusoki Co. Ltd, Paletrans Equipment Ltd, Tailift Group, UniCarriers Corp.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Fork Truck Market Report Segments:
The global Fork Truck market is segmented on the basis of:
Types
Counterbalanced Forklift Truck, Warehouse Forklift Truck
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Logistics, Construction, Metal, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jungheinrich Lift Truck Corp.
- Kion Group AG
- NACCO Material Handling Group
- Toyota Industries Corp.
- Anhui Forklift Truck Group Co. Ltd
- Clark Material Handling International Inc.
- Combilift Ltd.
- Crown Equipment Corp.
- Doosan Industrial Vehicles Co. Ltd
- Godrej & Boyce Mfg. Co. Ltd
- Hangcha Forklift Co. Ltd
- Hubtex Maschinenbau GmbH & Co. KG.
- Hytsu Group
- Hyundai Heavy Industries Co. Ltd
- Komatsu Utility Co. Ltd
- Mitsubishi Caterpillar Forklift America Inc.
- Nippon Yusoki Co. Ltd
- Paletrans Equipment Ltd
- Tailift Group
- UniCarriers Corp.
Highlights of The Fork Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Counterbalanced Forklift Truck
- Warehouse Forklift Truck
- By Application:
- Logistics
- Construction
- Metal
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fork Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fork truck is a large, heavy-duty truck with two forks that are used to move materials.
Some of the major players in the fork truck market are Jungheinrich Lift Truck Corp., Kion Group AG, NACCO Material Handling Group, Toyota Industries Corp., Anhui Forklift Truck Group Co. Ltd, Clark Material Handling International Inc., Combilift Ltd., Crown Equipment Corp., Doosan Industrial Vehicles Co. Ltd, Godrej & Boyce Mfg. Co. Ltd, Hangcha Forklift Co. Ltd, Hubtex Maschinenbau GmbH & Co. KG., Hytsu Group, Hyundai Heavy Industries Co. Ltd, Komatsu Utility Co. Ltd, Mitsubishi Caterpillar Forklift America Inc., Nippon Yusoki Co. Ltd, Paletrans Equipment Ltd, Tailift Group, UniCarriers Corp..
The fork truck market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fork Truck Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fork Truck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fork Truck Market - Supply Chain
4.5. Global Fork Truck Market Forecast
4.5.1. Fork Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fork Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fork Truck Market Absolute $ Opportunity
5. Global Fork Truck Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fork Truck Market Size and Volume Forecast by Type
5.3.1. Counterbalanced Forklift Truck
5.3.2. Warehouse Forklift Truck
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fork Truck Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fork Truck Market Size and Volume Forecast by Application
6.3.1. Logistics
6.3.2. Construction
6.3.3. Metal
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fork Truck Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fork Truck Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fork Truck Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fork Truck Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fork Truck Demand Share Forecast, 2019-2026
9. North America Fork Truck Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fork Truck Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fork Truck Market Size and Volume Forecast by Application
9.4.1. Logistics
9.4.2. Construction
9.4.3. Metal
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fork Truck Market Size and Volume Forecast by Type
9.7.1. Counterbalanced Forklift Truck
9.7.2. Warehouse Forklift Truck
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fork Truck Demand Share Forecast, 2019-2026
10. Latin America Fork Truck Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fork Truck Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fork Truck Market Size and Volume Forecast by Application
10.4.1. Logistics
10.4.2. Construction
10.4.3. Metal
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fork Truck Market Size and Volume Forecast by Type
10.7.1. Counterbalanced Forklift Truck
10.7.2. Warehouse Forklift Truck
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fork Truck Demand Share Forecast, 2019-2026
11. Europe Fork Truck Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fork Truck Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fork Truck Market Size and Volume Forecast by Application
11.4.1. Logistics
11.4.2. Construction
11.4.3. Metal
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fork Truck Market Size and Volume Forecast by Type
11.7.1. Counterbalanced Forklift Truck
11.7.2. Warehouse Forklift Truck
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fork Truck Demand Share, 2019-2026
12. Asia Pacific Fork Truck Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fork Truck Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fork Truck Market Size and Volume Forecast by Application
12.4.1. Logistics
12.4.2. Construction
12.4.3. Metal
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fork Truck Market Size and Volume Forecast by Type
12.7.1. Counterbalanced Forklift Truck
12.7.2. Warehouse Forklift Truck
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fork Truck Demand Share, 2019-2026
13. Middle East & Africa Fork Truck Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fork Truck Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fork Truck Market Size and Volume Forecast by Application
13.4.1. Logistics
13.4.2. Construction
13.4.3. Metal
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fork Truck Market Size and Volume Forecast by Type
13.7.1. Counterbalanced Forklift Truck
13.7.2. Warehouse Forklift Truck
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fork Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fork Truck Market: Market Share Analysis
14.2. Fork Truck Distributors and Customers
14.3. Fork Truck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Jungheinrich Lift Truck Corp.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kion Group AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NACCO Material Handling Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toyota Industries Corp.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Anhui Forklift Truck Group Co. Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Clark Material Handling International Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Combilift Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Crown Equipment Corp.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Doosan Industrial Vehicles Co. Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Godrej & Boyce Mfg. Co. Ltd
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hangcha Forklift Co. Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hubtex Maschinenbau GmbH & Co. KG.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hytsu Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hyundai Heavy Industries Co. Ltd
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Komatsu Utility Co. Ltd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mitsubishi Caterpillar Forklift America Inc.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Nippon Yusoki Co. Ltd
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Paletrans Equipment Ltd
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Tailift Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. UniCarriers Corp.
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
